💨 Abstract

Intel's Q1 revenue forecast for 2023 missed analyst estimates, due to weak demand for traditional data center chips and a decline in PC market share. The company is struggling to compete in the AI chip market, led by Nvidia. Intel's shares dropped 2% in extended trading. The company expects Q1 revenue of $11.7-$12.7 billion, compared to analysts' average estimate of $12.87 billion.

Courtesy: theprint.in

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